With warning signs already showing a diminishing Federal public sector presence in the not too distant future, the ACT should be getting ready to be more reliant on the small business sector to provide job and generating community wealth to sustain living standards which we have become accustomed to.
Political parties of all persuasions, union and business groups, learning centres and community leaders should be putting in place now the processes that will put us in good stead to meet these challenges.
As a start, we need to:
- Encourage and enthuse our high school and college students to consider establishing their own businesses as career alternatives.
- Equip them with the fundamentals of starting and managing a small business.
- Identify incentives and fair and equitable taxation regimes to help small businesses grow, employ and be competitive.
- Give them confidence that calculated risk can be positive and not all negative.
Canberra’s workforce and specifically that of the Brindabella electorate will completely be different by 2025.
We need to be ready and start stepping up to the challenge now.